Deutsche Bank Boosts Ecolab (ECL) Price Target to $162.00

Ecolab (NYSE:ECL) had its price target boosted by Deutsche Bank from $150.00 to $162.00 in a research report report published on Monday. They currently have a hold rating on the basic materials company’s stock.

Several other research firms also recently commented on ECL. UBS Group boosted their target price on shares of Ecolab from $165.00 to $180.00 and gave the stock a buy rating in a research report on Tuesday, October 2nd. Zacks Investment Research raised shares of Ecolab from a hold rating to a buy rating and set a $176.00 price objective for the company in a research report on Wednesday, October 10th. BMO Capital Markets upped their price objective on shares of Ecolab from $151.00 to $159.00 and gave the stock a hold rating in a research report on Thursday, November 1st. ValuEngine raised shares of Ecolab from a hold rating to a buy rating in a research report on Friday, September 7th. Finally, JPMorgan Chase & Co. raised shares of Ecolab from a neutral rating to an overweight rating and upped their price objective for the stock from $147.00 to $157.00 in a research report on Wednesday, October 31st. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $154.47.

Shares of NYSE:ECL traded down $0.92 during midday trading on Monday, hitting $158.56. 84,984 shares of the company’s stock were exchanged, compared to its average volume of 1,548,927. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.34 and a quick ratio of 0.90. The company has a market cap of $45.32 billion, a PE ratio of 33.81, a PEG ratio of 2.33 and a beta of 0.87. Ecolab has a 12 month low of $125.74 and a 12 month high of $160.61.

Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, October 30th. The basic materials company reported $1.53 EPS for the quarter, hitting the consensus estimate of $1.53. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.74 billion. Ecolab had a net margin of 10.99% and a return on equity of 19.13%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 earnings per share. On average, equities research analysts expect that Ecolab will post 5.27 earnings per share for the current fiscal year.

In other Ecolab news, EVP Michael A. Hickey sold 32,468 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $155.80, for a total value of $5,058,514.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Darrell R. Brown sold 11,800 shares of the business’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $150.25, for a total transaction of $1,772,950.00. Following the completion of the transaction, the executive vice president now owns 18,641 shares in the company, valued at $2,800,810.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,085 shares of company stock worth $11,061,315. Corporate insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Argus Investors Counsel Inc. lifted its stake in shares of Ecolab by 18.8% during the 3rd quarter. Argus Investors Counsel Inc. now owns 2,172 shares of the basic materials company’s stock valued at $341,000 after buying an additional 343 shares in the last quarter. Bailard Inc. increased its holdings in Ecolab by 6.1% during the 2nd quarter. Bailard Inc. now owns 6,033 shares of the basic materials company’s stock worth $847,000 after acquiring an additional 347 shares during the period. Gyroscope Capital Management Group LLC increased its holdings in Ecolab by 19.5% during the 3rd quarter. Gyroscope Capital Management Group LLC now owns 2,191 shares of the basic materials company’s stock worth $345,000 after acquiring an additional 358 shares during the period. Motley Fool Asset Management LLC increased its holdings in Ecolab by 13.6% during the 2nd quarter. Motley Fool Asset Management LLC now owns 3,047 shares of the basic materials company’s stock worth $428,000 after acquiring an additional 364 shares during the period. Finally, North Star Asset Management Inc. increased its holdings in Ecolab by 0.5% during the 3rd quarter. North Star Asset Management Inc. now owns 72,310 shares of the basic materials company’s stock worth $11,337,000 after acquiring an additional 364 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.

About Ecolab

Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.

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